Philadelphia, PA-headquartered Janney Montgomery Scott has hired Jonathan Fairbanks - who oversees over $100 million in client assets - as first vice president of wealth management in West Hartford, CT.

Fairbanks spent the past eight years at Morgan Stanley and prior to that was at AG Edwards & Sons for 12 years.

Jerry Lombard, president of Janney’s private client group, said the firm is looking to expand within areas that present opportunities for growth, with the additional aim of recruiting more advisors.   

Janney’s West Hartford branch is led by complex manager George Keith.

Meanwhile, at the end of February, Janney expanded its North Carolina footprint with a new office in Hendersonville and a satellite office in Asheville. It also appointed David Grice as executive vice president of wealth management and branch manager.

Janney is an independently-operated subsidiary of The Penn Mutual Life Insurance Company and a member of the New York Stock Exchange.